Registered Number: 08133737 England and Wales
FREESPIRITS DAY CARE LIMITED
Report of the Directors and Unaudited Financial Statements
Period of accounts
Start date: 01 August 2021
End date: 31 July 2022
FREESPIRITS DAY CARE LIMITED Contents Page For the year ended 31 July 2022
| Company information | 3 |
|---|---|
| Directors' report | 4 |
| Accountants' report | 6 |
| Income statement | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 10 |
| Detailed income statement | 14 |
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FREESPIRITS DAY CARE LIMITED Company Information For the year ended 31 July 2022
| Directors | Christopher Holmes |
|---|---|
| Sue Kelter | |
| Paul Montali | |
| Donald Nicely | |
| Cherry Riley | |
| Clive Russell | |
| Registered Number | 08133737 |
| Registered Office | Abotts Road |
| Abbey Hulton | |
| Stoke on Trent | |
| Staffordshire | |
| ST2 8DU | |
| Accountants | SRB Accountancy Limited |
| The Lower Stables | |
| Main Street, Sudbury | |
| Ashbourne | |
| Derbyshire | |
| DE6 5HT |
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FREESPIRITS DAY CARE LIMITED Directors' Report For the year ended 31 July 2022
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 July 2022.
Principal activities
Principal activity of the company during the financial year was of that of a day care centre.
Directors
The directors who served the company throughout the year were as follows:
Christopher Holmes Sue Kelter
Paul Montali Donald Nicely Cherry Riley Clive Russell
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to :
-
select suitable accounting policies and then apply them consistently
-
make judgements and accounting estimates that are reasonable and prudent
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions
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FREESPIRITS DAY CARE LIMITED Directors' Report For the year ended 31 July 2022
This report was approved by the board and signed on its behalf by:
Cherry Riley Director
Date approved: 21 February 2023
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FREESPIRITS DAY CARE LIMITED Accountants' Report For the year ended 31 July 2022
Accountants report
You consider that the company is exempt from an audit for the year ended 31 July 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
.................................................... SRB Accountancy Limited The Lower Stables Main Street, Sudbury Ashbourne Derbyshire DE6 5HT 21 February 2023
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FREESPIRITS DAY CARE LIMITED Income Statement For the year ended 31 July 2022
| Notes Turnover Gross profit Administrative expenses Other operating income 2 Operating profit 3 Interest payable and similar charges 5 Profit/(Loss) on ordinary activities before taxation Tax on profit on ordinary activities Profit/(Loss) for the financial year |
2022 £ 461,536 461,536 (326,357) 1,629 136,808 0 136,808 0 136,808 |
2021 £ 336,029 |
|---|---|---|
| 336,029 (302,876) 59,463 |
||
| 92,616 0 |
||
| 92,616 0 |
||
| 92,616 |
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FREESPIRITS DAY CARE LIMITED Statement of Financial Position As at 31 July 2022
| Notes Fixed assets Tangible fixed assets 6 Current assets Debtors: amounts falling due within one year 7 Cash at bank and in hand Creditors: amount falling due within one year 8 Net current assets Total assets less current liabilities Provisions for liabilities 9 Net assets Capital and reserves Profit and loss account 10 Members' funds |
2022 £ 3,051 3,051 58,406 442,651 501,057 (12,471) 488,586 491,637 (898) 490,739 490,739 490,739 |
2021 £ 6,432 |
|---|---|---|
| 6,432 83,172 269,859 |
||
| 353,031 (4,848) |
||
| 348,183 | ||
| 354,615 (685) |
||
| 353,930 | ||
| 353,930 | ||
| 353,930 |
For the year ended 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
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FREESPIRITS DAY CARE LIMITED Statement of Financial Position As at 31 July 2022
The financial statements were approved by the board of directors on 21 February 2023 and were signed on its behalf by:
Cherry Riley Director
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FREESPIRITS DAY CARE LIMITED Notes to the Financial Statements For the year ended 31 July 2022
General Information
Freespirits Day Care Limited is a private company, limited by guarantee, registered in England and Wales, registration number 08133737, registration address Abotts Road, Abbey Hulton, Stoke on Trent, Staffordshire, ST2 8DU.
The presentation currency is £ sterling.
1. Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in interest payable and similar charges within the income statement.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
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FREESPIRITS DAY CARE LIMITED Notes to the Financial Statements For the year ended 31 July 2022
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings | 25% Straight Line |
|---|---|
| Motor Vehicles | 25% Straight Line |
| Plant and Machinery | 25% Straight Line |
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2. Other operating income
| Government Grants Operating profit/(loss) The operating profit is stated after charging: Depreciation of tangible fixed assets |
2022 £ 1,629 1,629 2022 £ 6,461 |
2021 £ 59,463 |
|---|---|---|
| 59,463 | ||
| 2021 £ 9,346 |
3. Operating profit/(loss)
4. Average number of employees
Average number of employees during the year was 17 (2021 : 16).
5. Interest payable and similar charges
| Interest payable and similar charges | ||
|---|---|---|
| Interest Payable | 2022 £ 0 0 |
2021 £ 0 |
| 0 |
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FREESPIRITS DAY CARE LIMITED Notes to the Financial Statements For the year ended 31 July 2022
6. Tangible fixed assets
| Cost or valuation At 01 August 2021 Additions Disposals At 31 July 2022 Depreciation At 01 August 2021 Charge for year On disposals At 31 July 2022 Net book values Closing balance as at 31 July 2022 Opening balance as at 01 August 2021 |
Plant and Machinery £ 1,029 - - 1,029 514 257 - 771 258 515 |
Motor Vehicles £ 36,050 - - 36,050 30,288 5,762 - 36,050 - 5,762 |
Fixtures and Fittings £ 309 3,080 - 3,389 154 442 - 596 2,793 155 |
Total £ 37,388 3,080 - |
|---|---|---|---|---|
| 40,468 | ||||
| 30,956 6,461 - |
||||
| 37,417 | ||||
| 3,051 | ||||
| 6,432 |
7. Debtors: amounts falling due within one year
| Trade Debtors Provision for Doubtful Debts Creditors: amount falling due within one year Trade Creditors PAYE & Social Security Accrued Expenses Other Creditors Attachment of Earnings |
2022 £ 72,565 (14,159) 58,406 2022 £ 8,252 2,859 498 862 0 12,471 |
2021 £ 92,473 (9,301) 83,172 2021 £ 3,487 0 498 863 0 4,848 |
|---|---|---|
8. Creditors: amount falling due within one year
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FREESPIRITS DAY CARE LIMITED Notes to the Financial Statements For the year ended 31 July 2022
9. Provisions for liabilities
| Provisions for liabilities | ||
|---|---|---|
| Pension Provisions | 2022 £ 898 898 |
2021 £ 685 |
| 685 |
10. Profit and loss account
| Profit and loss account | |
|---|---|
| Balance at 01 August 2021 Profit for the year Balance at 31 July 2022 |
2022 £ 353,931 136,808 |
| 490,739 |
11. Company Limited by Guarantee
The company is limited by guarantee and therefore has no shares.
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FREESPIRITS DAY CARE LIMITED Detailed Income Statement For the year ended 31 July 2022
| Turnover Care Transport Donation Income Other Income Gross profit Administrative expenses Wages & Salaries 234,100 Employer's PAYE & NI Contributions 8,291 Pension Contributions 3,651 Staff Training 1,069 Accountancy Fees 3,586 Legal and Professional Fees (Allowable) 222 Management & Consultancy fees 5,798 Rates & Water 1,203 Rent 651 Light, Heat & Power 10,109 Cleaning of Premises 20 TV Licence 0 Motor Repairs and Servicing 17,742 Bad Debts Written Off (Specific) 0 Provision for Doubtful Debts 4,858 Bank Charges 341 Depreciation Charge: Plant & Machinery 257 Depreciation Charge: Motor Vehicles 5,762 Depreciation Charge: Fixtures & Fittings 442 Advertising 84 General Insurance 4,108 Repairs & Renewals 9,766 Stationery & Postage 2,823 Telephone, Fax & Internet 706 Sundry Expenses 84 Donations 180 Consumables & Activities 8,028 |
2022 £ 444,684 0 10,852 6,000 461,536 461,536 219,762 5,556 3,065 664 5,530 208 1,340 0 0 11,899 0 159 12,358 1,814 0 324 257 9,012 77 0 6,269 10,833 1,428 624 83 0 11,614 |
2021 £ 331,291 4,738 0 0 |
|---|---|---|
| 336,029 | ||
| 336,029 |
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FREESPIRITS DAY CARE LIMITED Detailed Income Statement For the year ended 31 July 2022
| Subscription Other operating income Government Grants Operating profit Interest payable and similar charges Interest Payable Profit/(Loss) on ordinary activities before taxation Profit/(Loss) for the financial year |
2,476 | (326,357) 1,629 136,808 0 136,808 136,808 |
0 | (302,876) 59,463 |
|---|---|---|---|---|
| 1,629 | 59,463 | |||
| 0 | 0 |
|||
| 92,616 0 |
||||
| 92,616 | ||||
| 92,616 |
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